GNR vs. XLE
Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and Energy Select Sector SPDR Fund (XLE).
GNR and XLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNR is a passively managed fund by State Street that tracks the performance of the S&P Global Natural Resources Index. It was launched on Sep 13, 2010. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both GNR and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNR or XLE.
Performance
GNR vs. XLE - Performance Comparison
Returns By Period
In the year-to-date period, GNR achieves a -3.34% return, which is significantly lower than XLE's 15.77% return. Over the past 10 years, GNR has underperformed XLE with an annualized return of 4.66%, while XLE has yielded a comparatively higher 5.03% annualized return.
GNR
-3.34%
-4.69%
-9.33%
1.96%
7.42%
4.66%
XLE
15.77%
5.01%
1.39%
18.13%
14.98%
5.03%
Key characteristics
| GNR | XLE | |
|---|---|---|
| Sharpe Ratio | 0.05 | 0.89 |
| Sortino Ratio | 0.17 | 1.30 |
| Omega Ratio | 1.02 | 1.16 |
| Calmar Ratio | 0.05 | 1.19 |
| Martin Ratio | 0.14 | 2.77 |
| Ulcer Index | 5.36% | 5.71% |
| Daily Std Dev | 15.47% | 17.79% |
| Max Drawdown | -51.37% | -71.54% |
| Current Drawdown | -9.45% | -1.84% |
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GNR vs. XLE - Expense Ratio Comparison
GNR has a 0.40% expense ratio, which is higher than XLE's 0.13% expense ratio.
Correlation
The correlation between GNR and XLE is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GNR vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and Energy Select Sector SPDR Fund (XLE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GNR vs. XLE - Dividend Comparison
GNR's dividend yield for the trailing twelve months is around 3.66%, more than XLE's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 3.66% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.60% | 2.59% | 2.46% |
XLE Energy Select Sector SPDR Fund | 3.14% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
GNR vs. XLE - Drawdown Comparison
The maximum GNR drawdown since its inception was -51.37%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for GNR and XLE. For additional features, visit the drawdowns tool.
Volatility
GNR vs. XLE - Volatility Comparison
The current volatility for SPDR S&P Global Natural Resources ETF (GNR) is 3.74%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 4.84%. This indicates that GNR experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.